
Tyler Technologies (TYL) Stock Forecast & Price Target
Tyler Technologies (TYL) Analyst Ratings
Bulls say
Tyler Technologies is well-positioned to benefit from the increasing use of artificial intelligence solutions in the public sector, as they have a strong reputation and track record in providing software solutions and services to local government entities. The company has also outlined ambitious goals for margin expansion and free cash flow generation, and with a recent convertible debt offering and strong balance sheet, they have the resources to pursue future M&A opportunities. D.A. Davidson has a BUY rating and a price target of $460 for Tyler Technologies, based on an enterprise value of 17 times their 2027 adjusted EBITDA forecast of $852M (compared to an average of 32-33 times forward EBITDA over the last 10 years).
Bears say
Tyler Technologies is highly dependent on government contracts, which can be volatile, subject to budgetary constraints and changes in political administration, potentially impacting its bookings and organic growth rate. The company is also heavily dependent on state and municipal entities' budgets, which may be negatively affected by economic downturns, while their recent acquisition spree, including their largest-ever acquisition of NIC Inc., may require more attention from management. Additionally, competition from larger and smaller players, as well as potential data security breaches, may pose long-term risks to the company's growth and profitability.
This aggregate rating is based on analysts' research of Tyler Technologies and is not a guaranteed prediction by Public.com or investment advice.
Tyler Technologies (TYL) Analyst Forecast & Price Prediction
Start investing in Tyler Technologies (TYL)
Order type
Buy in
Order amount
Est. shares
0 shares